Vietnam: Medicaments Containing Hormones Market 2024

Medicaments Containing Hormones Market Size in Vietnam

The Vietnamese medicaments containing hormones market reduced slightly to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Medicaments Containing Hormones Production in Vietnam

In value terms, medicaments containing hormones production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Medicaments Containing Hormones Exports

Exports from Vietnam

In 2022, overseas shipments of medicaments containing hormones but not antibiotics increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a sharp downturn. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, medicaments containing hormones exports soared to $X in 2022. In general, exports, however, saw a dramatic contraction. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for medicaments containing hormones exports from Vietnam, accounting for a X% share of total exports. Moreover, medicaments containing hormones exports to the Philippines exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), fourfold. The third position in this ranking was held by Azerbaijan (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Azerbaijan (X% per year).

In value terms, the Philippines ($X) remains the key foreign market for medicaments containing hormones but not antibiotics exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Azerbaijan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

In 2022, the average medicaments containing hormones export price amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced a decline.

Medicaments Containing Hormones Imports

Imports into Vietnam

In 2022, overseas purchases of medicaments containing hormones but not antibiotics were finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, medicaments containing hormones imports skyrocketed to $X in 2022. In general, imports, however, saw a mild reduction. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Indonesia (X tons) and Pakistan (X tons) were the main suppliers of medicaments containing hormones imports to Vietnam, with a combined X% share of total imports. Belgium, Poland, Italy, Bangladesh and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing hormones suppliers to Vietnam were France ($X), Indonesia ($X) and Pakistan ($X), together accounting for X% of total imports. Belgium, Poland, India, Italy and Bangladesh lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average medicaments containing hormones import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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